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2016-11-21

Targovax ASA: Registration of share capital increase following exercise of employee options

Reference is made to the notice of 4 November 2016 regarding the board of
directors' resolution to increase the share capital in Targovax ASA (the
"Company") in connection with the exercise of employee options.

The share capital increase has today been registered in the Register of
Business Enterprises (NW: Foretaksregisteret). The new registered share
capital in the Company is NOK 4,219,080 comprising of 42,190,800 shares with
a par value of NOK 0.10 per share.

For further information, please contact:

Øystein Soug
CEO
Phone: +47 906 56 525
Email:oystein.soug@targovax.com

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Targovax ASA via Globenewswire

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